CryptoLand is going crazy!
- Thread starter erni
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Just use Google Trends and type in "bitcoin". When number of searches go up then price goes up and when searches decrease price goes down smi(&%.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
You can't predict that with 100% certainty just like you can't do it on the regular stock market. Set a stop-loss order on an online broker which also handles BTC and you should be fine in that regard. Or you spend countless hours and teach yourself how to do technical analysis and have an advantage, it's still a gamble then though. Other indications are like its for Gold, if the stock market (USD) is going up significantly, sell before it dips.
After the last halving Bitcoin didn't have the same bullish trend it used to after the previous ones. Therefore, even if its price will rise, it will definitely not rise as much as it did during the previous occasions.
Today there are far better opportunities to earn in the crypto space without being exposed to the BTC price fluctuations. Like yield farming (more risky) or margin funding (less risky).
Today there are far better opportunities to earn in the crypto space without being exposed to the BTC price fluctuations. Like yield farming (more risky) or margin funding (less risky).
Thats not true anymore, the US$ has increased the money supply around 37% in december, since there is no one not using the Dollar, we can expect inflation in commodities, basic means of living, rents, gold, Bitcoin.
There is now so much money in Bitcoin and the devs made it so unusable as "peer2peer" electronic cash that I would still say just buy in a few bucks every month and hodl. For actually using cryptocurrency there are better ways, as store of value every proof of work coin with a marketcap within the top 10 you can´t really do anything wrong imo. At least not more wrong then go into the stock market which is a total casino at this point, its so rediculously obvious it should be to see for everyone. But we aren´t there, "nobody" of the regular stock market daytraiders got it, besides a few very big companies. It will have a crash, but I don´t think it won´t come back since fiat is garbage worth at this point you loose money every day you have it on your bank account. No matter where you live.
Last edited: Mar 22, 2021
I totally agree with you at this point. Sadly you need to find alternatives to cash if you want to store long term.
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Can I have your garbage fiat then? smi(&%
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
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